A full-featured loan portfolio management application that tracks loan principal and interest accruals, payments, late fees, escrow, and other fees/costs, charges, or credits. You can set up individual billing instructions for each loan account and generate bills and past-due notices for normal P&I, interest only, or fixed principal pymt. plus accrued interest on a monthly, quarterly, semi-annual, annual, weekly, bi-weekly, or semi-monthly basis. Interest can be accrued using a 365/365, 365/360, or 360/360 accrual basis with a fixed or floating interest rate type for each Customer. Payoff amounts are always available (with the current PerDiem), as are accrued interest, late fees, escrow account balance/activity, and other fees/costs due, along with interest paid year-to-date and life, late fees paid year-to-date and life, and other fees/costs paid for life.
What's new in this version:
Version 5.7 improves user interface for modern hi-res monitors.